Loading...
In a recent Series A fundraising initiative led by Placeholder, Hack VC, Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital, modular blockchain platform Eclipse has successfully raised $50 million. Notable contributors include Flow Traders, GSR, Apollo Global Management, and OKX Ventures, significantly boosting the project's financial backing.
Following this substantial financial injection, Eclipse's accumulated investment now stands at $65 million. The newfound funds are earmarked for propelling project development forward and preparing for the impending launch of the mainnet.
We're excited to announce that Eclipse Labs, the development team contributing to Eclipse Mainnet, has raised a $50M Series A co-led by @placeholdervc and @hack_vc, bringing our total capital raised to $65M.
— Eclipse (@EclipseFND) March 11, 2024
Eclipse brings Solana performance to Ethereum with the first SVM L2. pic.twitter.com/akq46v34lN
Eclipse, a rollup provider boasting customization options and compatibility with various Layer 1 blockchains, integrates Ethereum for consensus and settlement. The platform incorporates Celestia, a modular data availability network, and leverages the Solana Virtual Machine (SVM) for execution.
According to Neel Somani, the mind behind Eclipse Labs, the platform seamlessly combines the high-performance SVM with Ethereum's deep liquidity pools while upholding the critical verifiability constraint. The primary objective is to establish a highly modular Ethereum Layer 2 chain, offering a scalable and adaptable solution catering to 99 percent of use cases.
Founded in 2022, Eclipse has already rolled out both devnet and testnet versions of its protocol. Several decentralized applications (dApps), including Solend, Pyth Network, and Rarible, have been enticed to test Eclipse's infrastructure. The platform plans to deploy its mainnet in Q2 2024 and aims to support users through hackathons, accelerators, and community activities post-launch.
Eclipse intends to leverage Celestia for data availability, even considering the Dencun update featuring EIP-4844 or proto-danksharding. Despite potential complete danksharding, the platform may broadcast certain data, such as state differentials, to Ethereum. The decision to publish all transactions, even in zero-knowledge rollups, to the data availability layer ensures transparency and quick verification, preventing potential manipulation or compromise.
editor
A digital nomad exploring the limitless potential of decentralized finance in a centralized economy.